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RealEstateRama News
Presidential Hopefuls Must Address Housing Issues
WASHINGTON, D.C. - October 20, 2011 - (RealEstateRama) -- As noted by the Wall Street Journal, MSNBC and other media outlets, the Republican presidential candidates let a great opportunity slip away during Tuesday night’s presidential debate to explain how they would address the nation’s housing problems in order to get the housing market and economy back on track, according to the National Association of Home Builders (NAHB).
Housing Starts Rise 15 Percent in September
WASHINGTON, D.C. - October 19, 2011 - (RealEstateRama) -- Nationwide housing starts rose 15 percent to a seasonally adjusted annual rate of 658,000 units in September, marking the strongest pace of residential construction since April of 2010, according to figures released by the U.S. Commerce Department today. The gain was largely attributed to a sharp increase on the multifamily side, which has been trending upward due to increased demand for rental apartments.
NAHB Remodelers Awards Remodeler of the Year
WASHINGTON, D.C. - October 19, 2011 - (RealEstateRama) -- NAHB Remodelers named Mike Nagel, CGR, CAPS, of Men at Work Chicago, the 2011 Remodeler of the Year in recognition of his professional remodeling achievements and support of industry professionalism. The award was given at the NAHB Remodelers awards gala held last week during the Remodeling Show in Chicago.
DSF Group Named Development Firm of the Year in 2011 NAHB Multifamily Pillars of...
WASHINGTON, D.C. - October 18, 2011 - (RealEstateRama) -- The Boston-based DSF Group earned top honors as Multifamily Development Firm of the Year for its tight focus on “best of class” projects. The award was presented last week by the National Association of Homebuilders (NAHB) as part of the association’s Multifamily Pillars of the Industry Awards
Home Builder Confidence Rises Four Points in October
WASHINGTON, D.C. - October 18, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes rose four points to 18 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October, which was released today. This is the largest one-month gain the index has seen since the home buyer tax credit program helped spur the market in April of 2010.
Call for Entries Now Open for the 2011 NAHB Custom Home Builder of the...
WASHINGTON, D.C. - October 11, 2011 - (RealEstateRama) -- Custom builders across the nation are invited to enter the National Association of Home Builders (NAHB) 2011 Custom Home Builder of the Year Award competition, sponsored by the Propane Education & Research Council
Pro-Housing Policies will Stimulate Job Growth
WASHINGTON, D.C. - October 10, 2011 - (RealEstateRama) -- While the nation may have added 103,000 new jobs in September, the employment report showed relative weakness, particularly as it relates to the residential construction sector, which remains far below its job-creation potential in the absence of policies to restore the health of the housing marketplace, according to the National Association of Home Builders (NAHB).
NAHB Honors the Year’s Best Apartments and Condos
WASHINGTON, D.C. - October 7, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today announced the winners of the 2011 Multifamily Pillars of the Industry Awards. NAHB’s Pillars Awards, considered the most prestigious in the industry, honor excellence in multifamily housing development, design, marketing and management, and showcase future trends in the industry.
Number of Improving Housing Markets Nearly Doubles in October
WASHINGTON, D.C. - October 6, 2011 - (RealEstateRama) -- The second edition of the National Association of Home Builders/ First American Improving Markets Index (IMI), released today, shows 23 individual housing markets now qualifying as "improving" under the new gauge's parameters. This is nearly double the 12 housing markets that made the list last month.
Mortgage Interest Deduction a Middle Class Pillar
WASHINGTON, D.C. - October 6, 2011 - (RealEstateRama) -- Eliminating or curtailing the mortgage interest deduction would have a disproportionate impact on younger, middle-class families, who would see their ability to become home owners significantly diminished, with sober implications for their longer term financial prospects, the National Association of Home Builders (NAHB) told Congress today
Builders Urge Caution on National Ocean Policy
WASHINGTON, D.C. - October 4, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today urged Congress to proceed with caution and conduct a cost-benefit analysis before implementing any new regulations or requirements that call for the federal government to develop a National Ocean Policy, which the Administration is now contemplating.
New-Home Sales Decline 2.3 Percent in August
WASHINGTON, D.C. - September 26, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes declined 2.3 percent to a seasonally adjusted annual rate of 295,000 units in August, according to newly released data from the U.S. Commerce Department. The decline is from an upwardly revised, 302,000-unit rate in the previous month.
NAHB Honors Year’s Best Multifamily Marketers, Managers
WASHINGTON, D.C. - September 22, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today presented the 2011 Multifamily Pillars of the Industry Awards to the year’s best examples of multifamily marketing and individual achievement in property management in an online awards ceremony.
NAHB to Sponsor U.S. Department of Energy Solar Decathlon 2011
WASHINGTON, D.C. WASHINGTON, D.C. The National Association of Home Builders (NAHB) is proud to announce its sponsorship of the U.S. Department of Energy Solar Decathlon 2011, an award-winning program that challenges collegiate teams to design, build and operate solar-powered houses that are cost-effective, energy-efficient and attractive. This year's Solar Decathlon will take place on the National Mall's West Potomac Park in Washington, D.C., from Sept. 23 through Oct. 2, 2011.
NAHB Offers New Course on Universal Design/Build
WASHINGTON, D.C. - September 20, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) is premiering a new course on Universal Design/Build at the Remodeling Show in Chicago. With its focus on integrating universal design principles into all types of residential construction projects, the two-day training brings cutting-edge design solutions to building and design professionals.
Balanced Approach Needed to Dispose of REO Properties, NAHB Tells Congress
WASHINGTON, D.C. - September 20, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today urged the Administration and Congress to take a balanced approach in disposing of the large inventory of real estate owned (REO) properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration to avoid further disruptions to pricing and markets and to limit further losses to the two government sponsored enterprises and the FHA.
Housing Starts Decline, Permits Rise in August
WASHINGTON, D.C. - September 20, 2011 - (RealEstateRama) -- Nationwide housing starts declined 5.0 percent to a seasonally adjusted annual rate of 571,000 units in August, according to figures released by the U.S. Commerce Department today. The decline was primarily on the more volatile multifamily side, with single-family housing production edging down just 1.4 percent. Meanwhile, permits for new construction posted modest gains in both sectors.
NAHB Announces Call for Entries for the 2012 Best of 50+ Housing Awards
WASHINGTON, D.C. - September 20, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) 50+ Housing Council is now accepting nominations for the 2012 Best of 50+ Housing Awards, which honor excellence in building, design and marketing of housing for boomers and beyond. This year, the program has added more than a dozen new categories, including "Best Integration of Technology," "Best 'Green' Community," "Best Streetscape or Neighborhood," "Best Fitness and Wellness Program" and "Best Universal Designed Home," among others."The Best of 50+ Housing Awards are this industry's most influential national awards" said 50+ Housing Council Chair, Ken Simons, a developer from Bedminster, N.J. "The awards not only recognize the best of the country's top builders and developers in the 50+ housing sector, but also show the public the newest and most innovative housing trends for mature buyers and renters."
Builder Confidence Virtually Unchanged in September
WASHINGTON, D.C. - September 19, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes dipped by a single point to 14 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for September, released today. The index has now held between 13 and 16 for six consecutive months."Very little has changed in terms of housing market conditions so far this year," said NAHB Chairman Bob Nielsen, a home builder from Reno, Nevada. "Builders continue to confront the same challenges in accessing construction credit, obtaining accurate appraisal values for new homes, and competing against foreclosed properties that they have seen for some time. Beyond this, both builder and consumer confidence took a hit in recent weeks with the market disruptions caused by the S&P downgrade and congressional gridlock on the budget deficit."
Builders Call on Congress to Extend Loan Limits
WASHINGTON, D.C. - September 19, 2011 - (RealEstateRama) -- With the Oct. 1 deadline rapidly approaching when the conforming loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) will be lowered, the National Association of Home Builders (NAHB) today called on Congress to move swiftly to extend the current loan limits to prevent further damage to the already fragile housing market and lackluster economy.“Congress must act now to prevent the loan limits from reverting to lower levels,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. “A drop in mortgage loan limits would reduce housing demand, and place downward pressure on home prices in major markets. This would exacerbate the current housing downturn, trigger more foreclosures, impede job growth and endanger the fragile economic recovery.”